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The fact that bullshit jobs add to GDP should perhaps be taken as proof that GDP is also bullshit. Here's another point in favour: jobs only add to GDP when th
by immibis 1y ago
The fact that bullshit jobs add to GDP should perhaps be taken as proof that GDP is also bullshit.
Here's another point in favour: jobs only add to GDP when they're jobs. When your parent cooks dinner at home, GDP doesn't increase. But when both parents work and then spend (for the sake of argument) one of their entire salaries on buying restaurant food, GDP increases by that much, even though the whole thing is now less efficient.
- mc32 1y agoWith GDP and taxation, the restaurant gets taxed. People making their food at home or raking their yard instead of a landscaper don’t get taxed for that work. If they did that’d get thrown into GDP. I’m happy they haven’t thought of taxing our at home domestic product.
- R_D_Olivaw 1y agoThey don't get taxed because they don't get paid for it. ill tell you right now, if washing my dishes and raking my yard was taxed, that would mean I'm getting paid for that work. Which is much better than the current system where it's actually *costing* me time, money, and energy.
- immibis 1y agoGDP isn't defined in terms of taxation.